American International Group Inc. is expected to announce tomorrow that it will name Mark Tucker as head of its AIA Group Ltd. unit, replacing Mark Wilson, the Financial Times reported.
Wilson is likely to remain with AIA until the year’s end, the newspaper said, citing unidentified people familiar with the situation. Robert Benmosche, AIG’s chief executive officer, is seeking to speed up the sale of assets, the FT said.
A planned initial public offering of the Asian unit is unlikely to be delayed by a change in chief executives since Tucker, a former CEO of Prudential Plc, is known to investors, the newspaper said.
AIG declined to comment, the FT reported.